kaltbaum premarket

Just finished scanning. No man’s land became bigger no man’s land…very stretched and extended to the downside in the near term. Longer term, I suspect we are in a bear market…but will always let the market tell me when changes occur.

 

For the longs, there is really nothing to do. For the shorts, it continues to be damn if you do…damn if you dont. If you short, you will get the big short covering bounce. If you dont short, it just keeps going lower.

 

The service has played this top well. The service went light and got out. It is now just a matter of shorting bounces which obviously has not happened yet. I will keep repeating the mantra. Be happy you are in cash and be patient as short selling opportunities will show up, They always do…but they are on the bounces.

 

I am traveling tonight…so report will be very late…unless the airplane has internet.